Code of Conduct COLLABORATION WITH OUR SUPPLY CHAIN. We strive to exceed the expectations to our general business attitude.

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1 COLLABORATION WITH OUR SUPPLY CHAIN With more than 40 years of experience and knowhow, BPI is today a leading marketeer of advanced and technology-based foam solutions for trade, industry and government. Our culture embodies deep-seated traditions for craftsmanship and unique adaptability to individual customer needs. We focus on increasing the quality of our performance by integrating social and environmental considerations into all our activities. On an ongoing basis, we monitor all relevant environmental and occupational health and safety acts to ensure that, to the best of our knowledge, our activities are compliant with established legal requirements. Among many other activities we have based a large part of our environmental concern on the UN (United Nations) Global Compact and ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. These principles are based on UN declaration of Human Rights, International Labor Organization (ILO) s basic conventions of human labor rights, the Rio Declaration as well as the UN Convention against Corruption. We believe that - not by force - but through collaboration and education in the supply chain and among other partners, we can influence and, together - improve practices and mentalities. We strive to exceed the expectations to our general business attitude. We hope, you will match us by following this set of rules for our cooperation:

2 I. HUMAN RIGHTS a. The company supports and respects the Universal Declaration of Human Rights and promotes human rights standards internally and throughout all business. II. ENVIRONMENT a. The company continuously endeavours to develop and adapt environmentally friendly technologies. b. The company continuously monitors the observance of laws c. Waste, including recyclable waste, is separated according to the local regulations and environmental authorities for recovery or disposal at authorized treatment facilities. d. Hazardous waste is labelled, stored and disposed of, as instructed by the authorities, at environmentally approved receiving facilities. e. The company has minimized the use of packaging to the extent possible. f. All employees are provided with environmental training. g. The company continuously makes risk evaluations in production areas. h. The company undertakes initiatives to promote greater environmental responsibility. i. The company seeks to reduce the use of raw materials, water and energy in order to minimize environmental impacts. III. LABOUR a. Terms of employment All employees have a written employment agreement, which includes information about the nature of work, working hours, salary and holidays. b. Pay Salaries are paid on a regular basis and on time, according to the employment agreement. All employees gain over the minimum pay accordance with the law in the countries we work. Salaries for overtime are disbursed according to national laws. All employees have the right to holidays according to national laws and employment agreement.

3 c. Working hours The maximum weekly working time is 48 hours on average incl. overtime. The employee gets at least 11 consecutive hours of rest within every period of 24 hours. There is at least one day of rest per week. The employee has the right to a break in which he/she can leave the place of work, if the working day is longer than 6 hours. Night workers do not work more than 8 hours on average within every period of 24 hours. Night workers are offered regular medical examinations, and are offered other work as soon as possible if their health is compromised by the night work. Depending on working area/field, a medical checkup/doctors examination is carried out among administrative workers (every 3 years) and factory workers (yearly). The employee has the right to at least 4 weeks of holiday with pay. d. Punishment No employee may under any circumstances be exposed to bodily punishment or any other form of physical, sexual or psychological penalty, harassment or degradation. e. Freedom of association We do not discriminate or in any other way make decisions that are affected by the employee s affiliation with a trade union or other association. We do not attempt to influence the employees to be members of a particular trade union. We do not interfere in which trade unions or other associations are formed in the workplace. Employees are not dismissed because of their affiliation with a trade union. A particular trade union is not favored. f. Discrimination No person is subject to discrimination based on gender, race, color, religion, political opinion, sexual orientation, national extraction, social origin, ethnic origin, age or handicap. No person is subject to discrimination in hiring, dismissal, transfer, promotion, wage setting, setting of working conditions or competency development. All decisions regarding employment, promotion, dismissal, wages and other working conditions are based on relevant and objective criteria.

4 g. Forced labour Force, threats or disciplinary means are not used with the aim of forcing people to work. The company does not engage in debt slavery or the trafficking of human beings with the aim of forcing people to work. The company does not cooperate with other companies which use forced labor or withhold identification papers or wages from employees with the aim of forcing the employees to work. Our employees are free to leave the workplace without being restrained. h. Child labor All our employees under permanent basis are over 18 years of age. In case of youth employment or student work the following rules apply: All young employees are over 13 years of age. Young employees between the ages of 13 and 15 only perform light work. Young employees between the ages of 13 and 15 work a maximum of two hours per day. Parents of youth employees between the ages of 13 and 15 are informed of the work and the conditions under which the work is performed. Youth employees under the age of 18 do not perform dangerous work or work at night. All apprentices in the company are above the age of 15 and work as part of their education. IV. WORK ENVIRONMENT a. Health and Safety policy The company engages in targeted and systematic efforts to continuously improve the working environment. b. Working conditions incl. accidents All steps in production are planned and organized with full consideration for health and safety concerns. If possible risks are eliminated at the source. As far as possible, work is adapted to the individual employee in relation to the construction of the workplace and choice of work equipment as well as work and production methods. Monotonous and repetitive work is limited in order to minimize the health effects of this work.

5 c. Safe buildings All buildings, facilities, areas etc. to which company employees have access in the course of their work are designed, constructed and used in such a way that they are safe and without risks to the health of the employees. The workplace is designed with consideration for safety and health concerns, based on an assessment of the working environment conditions that may have an effect on physical or psychological health. The workplace is designed so that it is possible to escape and to rescue people in the event of fire and other accidents. d. Fire safety The company has taken the necessary precautions and made the necessary plans in regard to fire and evacuation of the employees. The company has selected and trained responsible people who will be in charge of emergency control and execution. There are a sufficient number of escape routes and emergency exits. Emergency exit doors and gates may be opened in an easy and safe manner, and there is free passage through them. There is free passage through escape routes. There are signs which provide information or warnings about conditions which are important to health and safety. In the event of a risk of particular danger situations, the workplace is equipped with the necessary alarm systems and first aid equipment in case of accidents. A sufficient number of functional fire extinguishers have been installed. Flammable waste is secured in fire-proof containers which are emptied regularly. e. Dangerous substances Employees working with dangerous substances in the workplace - including manufacturing, storage, use and handling - takes place in a safe manner with minimized health risks. This means that a comprehensible guide to work place use has been produced for each dangerous substance or material, containing all necessary information (precautions, first aid etc.) The guides are up-to-date and accessible to employees, and employees have been effectively trained in using the guides. All relevant employees have been trained in using the substance or material. The necessary first aid equipment is available and ready for use. No children under 18 work with dangerous substances.

6 f. Employee training The company s employees are trained in general health and safety. This means that: Each of the company s employees, regardless of the nature and length of the employment relation, receives adequate and suitable training and instruction in how to perform the work free of risks. The employees receive information on the risks of accident and disease that may be related to their work. The company pays the costs for training and instruction in how to perform the work free of risks. The training and instruction take place during work hours. g. Psychological working environment The work in the company poses minimal risks to the deterioration of physical or psychological health. Monotonous, repetitive work, which may be hazardous to physical or psychological health in the short or long term, is avoided or limited. The work place does not constitute a danger of deterioration of physical or psychological health in the short or long term. Isolated work, which may be hazardous to physical or psychological health, is avoided or limited. The work does not constitute a risk of deterioration of physical or psychological health as a result of bullying, including sexual harassment. V. ANTICORRUPTION None of the company s employees give or receive unjustified advantages from local or foreign public officials or employees in private companies. No form of extortion or bribery or favoritism to or from employees or organizations will be tolerated. VI. FOLLOW UP AND COMPLIANCE Implementation of this Code of conduct is the supplier s responsibility. However, BPI may carry through announced or unannounced inspections by itself or by third party. Full or partial neglect of the principles in this or serious violation of local laws and regulations may, in its extreme, cause an interruption of the cooperation with BPI. Bramming, Jesper Brix CEO

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